| February 4, 2011

Debt-stricken Alabama homeowners receive federal assistance

Since the beginning of the recent economic downturn, many consumers across the country have lost their jobs and struggled under the pressure of high mortgage payments. However, homeowners in Alabama are now getting some much-needed assistance.

The Alabama Housing Finance Authority is due to receive more than $160 million in federal foreclosure prevention funds as part of a national plan to help homeowners.

AHFA officials say the funds from the Hardest Hit Alabama program will help assist up to 10,000 families, who will each be eligible to apply for a $15,000 maximum subsidy. Potential applicants must not have less than $258,690 in mortgage payments, earn more than $75,740 and have their residence located within the state.

“Homeowners who have experienced a temporary loss of income can benefit from short-term assistance to help bridge the gap until they have restored their income,” Governor Robert Bentley.

The money will be loaned on a first-come, first-served basis and will require repayment when the homeowner decides to sell the home. Regardless, the funds will likely help many state residents avoid foreclosure and the costly credit damage it can cause.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

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Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

The National Industry Standards for Homeownership Education and Counseling are a set of guidelines for quality homeownership and counseling services. Industry professionals who adopt these standards can be trusted to provide consistent, high quality advice.
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Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Consolidated Credit is proud to be an ANAB accredited member. Accreditation by a recognized and respected body such as ANAB ensures the impartiality and competence of our company. To see what we can do for you, give us a call.

U.S. Department of Housing and Urban Development - HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. Consolidated Credit is proud to be a member of HUD and also part of the Hope Now Alliance.

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